I actually think Madoff is a great example of comparison, and didn't mention that because I felt someone else would call that a strawman, ironically, or at least choose to say something about the difference in the size of those frauds.
The main difference is the time, you're choosing to ignore that. 8 months versus .... how many years for Madoff? A decade?
>But the biggest sum has been in “category A crypto” tokens with large and liquid markets. FTX now has more than $4bn of crypto assets under its control, a total that has been bolstered by a sharp recovery in cryptocurrency prices.
>Bitcoin, which had dropped below $20,000 after FTX’s collapse, this week broke $30,000 for the first time since June 2022 , with other cryptocurrencies including ethereum charting a similar course.
This seems to go against your claims. - the existing assets just became more valuable in USD terms. Actual recoveries:
>Recovery efforts have more than doubled that figure so far, court filings show, including $800m in recovered cash and a further $600m in “settlements and investments receivable”.
The main difference is the time, you're choosing to ignore that. 8 months versus .... how many years for Madoff? A decade?